{smcl}
{txt}{sf}{ul off}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\Jin\Dropbox\BACA paper\Governance\Replication File Materials\Code\SI2_table_covariates ttest and ftest.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res} 1 Jul 2019, 18:00:29
{txt}
{com}. 
. use data_final.dta, clear 
{txt}
{com}. 
. ***using budget coherence model's sample
. absdid ln1execbudcoherencetot, tvar(bureauofbudget)  xvar(presidentialstabilityadministrat housemajoritypartystability senatemajoritypartystability ///
> unifiedpartygovt sharedtenureest realgnpgrowth realfeddeficitgnp lnagencyage) sle 
{res}
{txt}Abadie's semi-parametric diff-in-diff{col 49}Number of obs{col 67}= {res}       729

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}ln1execbud~t{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}ATT          {txt}{c |}
{space 7}_cons {c |}{col 14}{res}{space 2}-.3467074{col 26}{space 2} .1507539{col 37}{space 1}   -2.30{col 46}{space 3}0.021{col 54}{space 4}-.6421797{col 67}{space 3}-.0512351
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. estimate store atebct
{txt}
{com}. *
. absdid ln1execbudcoherencetot, tvar(bureauofbudget)  xvar(presidentialstabilityadministrat housemajoritypartystability senatemajoritypartystability ///
> unifiedpartygovt sharedtenureest realgnpgrowth realfeddeficitgnp lnagencyage) yxvar(executiveagency) sle
{res}
{txt}Abadie's semi-parametric diff-in-diff{col 49}Number of obs{col 67}= {res}       729

{txt}{hline 16}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}ln1execbudcoh~t{col 17}{c |}      Coef.{col 29}   Std. Err.{col 41}      z{col 49}   P>|z|{col 57}     [95% Con{col 70}f. Interval]
{hline 16}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}ATT             {txt}{c |}
executiveagency {c |}{col 17}{res}{space 2}-3.563948{col 29}{space 2} .4693539{col 40}{space 1}   -7.59{col 49}{space 3}0.000{col 57}{space 4}-4.483865{col 70}{space 3}-2.644031
{txt}{space 10}_cons {c |}{col 17}{res}{space 2} 1.381781{col 29}{space 2} .2654598{col 40}{space 1}    5.21{col 49}{space 3}0.000{col 57}{space 4} .8614899{col 70}{space 3} 1.902073
{txt}{hline 16}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. estimate store bcti
{txt}
{com}. 
. lincomest _cons + executiveagency
{txt}Confidence interval for formula:
{res}_cons+executiveagency

{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}ln1execbud~t{col 14}{c |}      Coef.{col 26}   Std. Err.{col 38}      z{col 46}   P>|z|{col 54}     [95% Con{col 67}f. Interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}(1) {c |}{col 14}{res}{space 2}-2.182167{col 26}{space 2} .3335653{col 37}{space 1}   -6.54{col 46}{space 3}0.000{col 54}{space 4}-2.835943{col 67}{space 3}-1.528391
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. estimate store bcte
{txt}
{com}. 
. ***comparing covariates before and after BAA***
. ttest presidentparty if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} .4781022{col 34} .0302323{col 46} .5004343{col 58}  .418584{col 70} .5376203
       {txt}1 {c |}{res}{col 12}    455{col 22} .6615385{col 34} .0222077{col 46} .4737072{col 58} .6178958{col 70} .7051812
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} .5925926{col 34} .0182107{col 46} .4916892{col 58} .5568408{col 70} .6283444
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22}-.1834363{col 34} .0375124{col 58}-.2571211{col 70}-.1097514
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -4.8900
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 550.689

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.0000         {txt}Pr(|T| > |t|) = {res}0.0000          {txt}Pr(T > t) = {res}1.0000
{txt}
{com}. sdtest presidentparty if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} .4781022{col 34} .0302323{col 46} .5004343{col 58}  .418584{col 70} .5376203
       {txt}1 {c |}{res}{col 12}    455{col 22} .6615385{col 34} .0222077{col 46} .4737072{col 58} .6178958{col 70} .7051812
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} .5925926{col 34} .0182107{col 46} .4916892{col 58} .5568408{col 70} .6283444
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  1.1160
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.8476         {txt}2*Pr(F > f) = {res}0.3048        {txt}   Pr(F > f) = {res}0.1524
{txt}
{com}. 
. ttest housemajorityparty if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} .5912409{col 34} .0297533{col 46} .4925042{col 58} .5326659{col 70} .6498159
       {txt}1 {c |}{res}{col 12}    455{col 22} .5494505{col 34} .0233511{col 46} .4980963{col 58} .5035609{col 70} .5953402
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} .5651578{col 34} .0183732{col 46} .4960766{col 58}  .529087{col 70} .6012285
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22} .0417903{col 34} .0378224{col 58} -.032495{col 70} .1160757
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res}  1.1049
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 580.459

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.8652         {txt}Pr(|T| > |t|) = {res}0.2697          {txt}Pr(T > t) = {res}0.1348
{txt}
{com}. sdtest housemajorityparty if e(sample), by(bureauofbudget)

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} .5912409{col 34} .0297533{col 46} .4925042{col 58} .5326659{col 70} .6498159
       {txt}1 {c |}{res}{col 12}    455{col 22} .5494505{col 34} .0233511{col 46} .4980963{col 58} .5035609{col 70} .5953402
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} .5651578{col 34} .0183732{col 46} .4960766{col 58}  .529087{col 70} .6012285
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  0.9777
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.4211         {txt}2*Pr(F < f) = {res}0.8421        {txt}   Pr(F > f) = {res}0.5789
{txt}
{com}. 
. ttest presidentialstabilityadministrat if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 3.948905{col 34} .1335072{col 46} 2.209938{col 58} 3.686071{col 70}  4.21174
       {txt}1 {c |}{res}{col 12}    455{col 22} 3.151648{col 34} .0781787{col 46} 1.667608{col 58} 2.998011{col 70} 3.305285
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 3.451303{col 34} .0713864{col 46} 1.927434{col 58} 3.311155{col 70} 3.591451
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22} .7972568{col 34} .1547129{col 58} .4932247{col 70} 1.101289
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res}  5.1531
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 459.812

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}1.0000         {txt}Pr(|T| > |t|) = {res}0.0000          {txt}Pr(T > t) = {res}0.0000
{txt}
{com}. sdtest presidentialstabilityadministrat if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 3.948905{col 34} .1335072{col 46} 2.209938{col 58} 3.686071{col 70}  4.21174
       {txt}1 {c |}{res}{col 12}    455{col 22} 3.151648{col 34} .0781787{col 46} 1.667608{col 58} 2.998011{col 70} 3.305285
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 3.451303{col 34} .0713864{col 46} 1.927434{col 58} 3.311155{col 70} 3.591451
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  1.7562
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}1.0000         {txt}2*Pr(F > f) = {res}0.0000        {txt}   Pr(F > f) = {res}0.0000
{txt}
{com}. 
. ttest housemajoritypartystability if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 6.138686{col 34} .2618474{col 46} 4.334346{col 58} 5.623189{col 70} 6.654183
       {txt}1 {c |}{res}{col 12}    455{col 22} 6.342857{col 34} .1433443{col 46} 3.057638{col 58} 6.061157{col 70} 6.624558
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 6.266118{col 34} .1329476{col 46} 3.589586{col 58} 6.005111{col 70} 6.527124
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22} -.204171{col 34} .2985158{col 58}-.7908741{col 70} .3825321
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -0.6840
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 437.518

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.2472         {txt}Pr(|T| > |t|) = {res}0.4944          {txt}Pr(T > t) = {res}0.7528
{txt}
{com}. sdtest housemajoritypartystability if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 6.138686{col 34} .2618474{col 46} 4.334346{col 58} 5.623189{col 70} 6.654183
       {txt}1 {c |}{res}{col 12}    455{col 22} 6.342857{col 34} .1433443{col 46} 3.057638{col 58} 6.061157{col 70} 6.624558
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 6.266118{col 34} .1329476{col 46} 3.589586{col 58} 6.005111{col 70} 6.527124
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  2.0094
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}1.0000         {txt}2*Pr(F > f) = {res}0.0000        {txt}   Pr(F > f) = {res}0.0000
{txt}
{com}. 
. ttest senatemajoritypartystability if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 6.569343{col 34} .3220293{col 46} 5.330534{col 58} 5.935367{col 70} 7.203319
       {txt}1 {c |}{res}{col 12}    455{col 22} 7.010989{col 34}  .176799{col 46} 3.771253{col 58} 6.663543{col 70} 7.358435
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 6.844993{col 34} .1638474{col 46} 4.423881{col 58} 6.523323{col 70} 7.166663
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22}-.4416459{col 34} .3673701{col 58}-1.163671{col 70} .2803794
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -1.2022
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 438.425

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.1150         {txt}Pr(|T| > |t|) = {res}0.2299          {txt}Pr(T > t) = {res}0.8850
{txt}
{com}. sdtest senatemajoritypartystability if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 6.569343{col 34} .3220293{col 46} 5.330534{col 58} 5.935367{col 70} 7.203319
       {txt}1 {c |}{res}{col 12}    455{col 22} 7.010989{col 34}  .176799{col 46} 3.771253{col 58} 6.663543{col 70} 7.358435
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 6.844993{col 34} .1638474{col 46} 4.423881{col 58} 6.523323{col 70} 7.166663
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  1.9979
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}1.0000         {txt}2*Pr(F > f) = {res}0.0000        {txt}   Pr(F > f) = {res}0.0000
{txt}
{com}. 
. 
. ttest unifiedpartygovt if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} .7481752{col 34} .0262706{col 46} .4348554{col 58} .6964565{col 70} .7998938
       {txt}1 {c |}{res}{col 12}    455{col 22} .8879121{col 34}  .014806{col 46} .3158218{col 58} .8588154{col 70} .9170088
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} .8353909{col 34} .0137438{col 46} .3710819{col 58} .8084088{col 70} .8623731
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22}-.1397369{col 34} .0301556{col 58}-.1990013{col 70}-.0804725
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -4.6339
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 446.864

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.0000         {txt}Pr(|T| > |t|) = {res}0.0000          {txt}Pr(T > t) = {res}1.0000
{txt}
{com}. sdtest unifiedpartygovt if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} .7481752{col 34} .0262706{col 46} .4348554{col 58} .6964565{col 70} .7998938
       {txt}1 {c |}{res}{col 12}    455{col 22} .8879121{col 34}  .014806{col 46} .3158218{col 58} .8588154{col 70} .9170088
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} .8353909{col 34} .0137438{col 46} .3710819{col 58} .8084088{col 70} .8623731
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  1.8959
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}1.0000         {txt}2*Pr(F > f) = {res}0.0000        {txt}   Pr(F > f) = {res}0.0000
{txt}
{com}. 
. ttest agencyheadstability if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22}  3.70073{col 34} .2032943{col 46} 3.365119{col 58} 3.300506{col 70} 4.100954
       {txt}1 {c |}{res}{col 12}    455{col 22} 4.193407{col 34} .1756733{col 46}  3.74724{col 58} 3.848173{col 70}  4.53864
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22}  4.00823{col 34} .1338487{col 46} 3.613914{col 58} 3.745455{col 70} 4.271006
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22}-.4926767{col 34} .2686814{col 58}-1.020306{col 70} .0349529
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -1.8337
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 623.784

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.0336         {txt}Pr(|T| > |t|) = {res}0.0672          {txt}Pr(T > t) = {res}0.9664
{txt}
{com}. sdtest agencyheadstability if e(sample), by(bureauofbudget)

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22}  3.70073{col 34} .2032943{col 46} 3.365119{col 58} 3.300506{col 70} 4.100954
       {txt}1 {c |}{res}{col 12}    455{col 22} 4.193407{col 34} .1756733{col 46}  3.74724{col 58} 3.848173{col 70}  4.53864
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22}  4.00823{col 34} .1338487{col 46} 3.613914{col 58} 3.745455{col 70} 4.271006
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  0.8065
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.0252         {txt}2*Pr(F < f) = {res}0.0504        {txt}   Pr(F > f) = {res}0.9748
{txt}
{com}. 
. ttest appropcommchairstabilityest if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 3.324818{col 34} .1300996{col 46} 2.153531{col 58} 3.068692{col 70} 3.580943
       {txt}1 {c |}{res}{col 12}    455{col 22} 2.674725{col 34} .0850396{col 46} 1.813957{col 58} 2.507605{col 70} 2.841845
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 2.919067{col 34} .0730524{col 46} 1.972414{col 58} 2.775649{col 70} 3.062486
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22} .6500922{col 34} .1554273{col 58} .3447229{col 70} .9554616
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res}  4.1826
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 501.112

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}1.0000         {txt}Pr(|T| > |t|) = {res}0.0000          {txt}Pr(T > t) = {res}0.0000
{txt}
{com}. sdtest appropcommchairstabilityest if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 3.324818{col 34} .1300996{col 46} 2.153531{col 58} 3.068692{col 70} 3.580943
       {txt}1 {c |}{res}{col 12}    455{col 22} 2.674725{col 34} .0850396{col 46} 1.813957{col 58} 2.507605{col 70} 2.841845
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 2.919067{col 34} .0730524{col 46} 1.972414{col 58} 2.775649{col 70} 3.062486
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  1.4094
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.9993         {txt}2*Pr(F > f) = {res}0.0013        {txt}   Pr(F > f) = {res}0.0007
{txt}
{com}. 
. ttest sharedtenureest if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 2.010949{col 34} .0832939{col 46}  1.37876{col 58} 1.846969{col 70} 2.174929
       {txt}1 {c |}{res}{col 12}    455{col 22} 2.164835{col 34} .0718579{col 46} 1.532782{col 58}  2.02362{col 70} 2.306051
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 2.106996{col 34} .0547296{col 46} 1.477698{col 58} 1.999549{col 70} 2.214442
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22}-.1538863{col 34} .1100066{col 58}-.3699148{col 70} .0621423
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -1.3989
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 623.055

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.0812         {txt}Pr(|T| > |t|) = {res}0.1623          {txt}Pr(T > t) = {res}0.9188
{txt}
{com}. sdtest sharedtenureest if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 2.010949{col 34} .0832939{col 46}  1.37876{col 58} 1.846969{col 70} 2.174929
       {txt}1 {c |}{res}{col 12}    455{col 22} 2.164835{col 34} .0718579{col 46} 1.532782{col 58}  2.02362{col 70} 2.306051
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 2.106996{col 34} .0547296{col 46} 1.477698{col 58} 1.999549{col 70} 2.214442
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  0.8091
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.0270         {txt}2*Pr(F < f) = {res}0.0541        {txt}   Pr(F > f) = {res}0.9730
{txt}
{com}. 
. ttest realgnpgrowth if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 2.926277{col 34} .3773388{col 46} 6.246069{col 58} 2.183414{col 70} 3.669141
       {txt}1 {c |}{res}{col 12}    455{col 22} 2.133407{col 34} .3979061{col 46} 8.487627{col 58}  1.35144{col 70} 2.915373
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 2.431413{col 34} .2861782{col 46} 7.726811{col 58}  1.86958{col 70} 2.993246
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22} .7928708{col 34} .5483738{col 58}-.2837879{col 70}  1.86953
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res}  1.4459
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 698.413

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.9257         {txt}Pr(|T| > |t|) = {res}0.1487          {txt}Pr(T > t) = {res}0.0743
{txt}
{com}. sdtest realgnpgrowth if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 2.926277{col 34} .3773388{col 46} 6.246069{col 58} 2.183414{col 70} 3.669141
       {txt}1 {c |}{res}{col 12}    455{col 22} 2.133407{col 34} .3979061{col 46} 8.487627{col 58}  1.35144{col 70} 2.915373
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 2.431413{col 34} .2861782{col 46} 7.726811{col 58}  1.86958{col 70} 2.993246
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  0.5416
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.0000         {txt}2*Pr(F < f) = {res}0.0000        {txt}   Pr(F > f) = {res}1.0000
{txt}
{com}. 
. ttest realfeddeficitgnp if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22}-.0360514{col 34} .0051653{col 46} .0855007{col 58}-.0462202{col 70}-.0258825
       {txt}1 {c |}{res}{col 12}    455{col 22}  -.02827{col 34} .0027451{col 46} .0585554{col 58}-.0336647{col 70}-.0228753
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22}-.0311947{col 34}  .002591{col 46} .0699562{col 58}-.0362814{col 70} -.026108
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22}-.0077814{col 34} .0058494{col 58}-.0192785{col 70} .0037158
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res} -1.3303
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 428.441

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}0.0921         {txt}Pr(|T| > |t|) = {res}0.1841          {txt}Pr(T > t) = {res}0.9079
{txt}
{com}. sdtest realfeddeficitgnp if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22}-.0360514{col 34} .0051653{col 46} .0855007{col 58}-.0462202{col 70}-.0258825
       {txt}1 {c |}{res}{col 12}    455{col 22}  -.02827{col 34} .0027451{col 46} .0585554{col 58}-.0336647{col 70}-.0228753
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22}-.0311947{col 34}  .002591{col 46} .0699562{col 58}-.0362814{col 70} -.026108
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  2.1321
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}1.0000         {txt}2*Pr(F > f) = {res}0.0000        {txt}   Pr(F > f) = {res}0.0000
{txt}
{com}. 
. 
. ttest lnagencyage if e(sample), by(bureauofbudget) unequal

{txt}Two-sample t test with unequal variances
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 3.527812{col 34} .0718677{col 46} 1.189622{col 58} 3.386327{col 70} 3.669297
       {txt}1 {c |}{res}{col 12}    455{col 22} 3.161928{col 34} .0504168{col 46} 1.075428{col 58} 3.062849{col 70} 3.261007
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 3.299448{col 34} .0419582{col 46} 1.132873{col 58} 3.217075{col 70} 3.381822
{txt}{hline 9}{c +}{hline 68}
    diff {c |}{res}{col 22} .3658841{col 34} .0877885{col 58} .1934283{col 70} .5383398
{txt}{hline 9}{c BT}{hline 68}
    diff = mean({res}0{txt}) - mean({res}1{txt})                                      t = {res}  4.1678
{txt}Ho: diff = 0                     Satterthwaite's degrees of freedom = {res} 530.556

    {txt}Ha: diff < 0                 Ha: diff != 0                 Ha: diff > 0
 Pr(T < t) = {res}1.0000         {txt}Pr(|T| > |t|) = {res}0.0000          {txt}Pr(T > t) = {res}0.0000
{txt}
{com}. sdtest lnagencyage if e(sample), by(bureauofbudget) 

{txt}Variance ratio test
{hline 9}{c TT}{hline 68}
   Group{col 10}{c |}{col 16}Obs{col 27}Mean{col 35}Std. Err.{col 47}Std. Dev.{col 59}[95% Conf. Interval]
{hline 9}{c +}{hline 68}
       0 {c |}{res}{col 12}    274{col 22} 3.527812{col 34} .0718677{col 46} 1.189622{col 58} 3.386327{col 70} 3.669297
       {txt}1 {c |}{res}{col 12}    455{col 22} 3.161928{col 34} .0504168{col 46} 1.075428{col 58} 3.062849{col 70} 3.261007
{txt}{hline 9}{c +}{hline 68}
combined {c |}{res}{col 12}    729{col 22} 3.299448{col 34} .0419582{col 46} 1.132873{col 58} 3.217075{col 70} 3.381822
{txt}{hline 9}{c BT}{hline 68}
    ratio = sd({res}0{txt}) / sd({res}1{txt})                                         f = {res}  1.2236
{txt}Ho: ratio = 1                                    degrees of freedom = {res}273, 454

    {txt}Ha: ratio < 1               Ha: ratio != 1                 Ha: ratio > 1
  Pr(F < f) = {res}0.9703         {txt}2*Pr(F > f) = {res}0.0594        {txt}   Pr(F > f) = {res}0.0297
{txt}
{com}. 
. 
.  log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}C:\Users\Jin\Dropbox\BACA paper\Governance\Replication File Materials\Code\SI2_table_covariates ttest and ftest.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res} 1 Jul 2019, 18:00:30
{txt}{.-}
{smcl}
{txt}{sf}{ul off}